PIMCO's Bill Gross Begins Podcasting His Monthly Investment Outlook

Gross, the First Major Money Manager to Podcast, Offers Provocative Views on 'Housing Bubbles' in Initial iTunes.com Report


NEWPORT BEACH, Calif., Oct. 13, 2005 (PRIMEZONE) -- PIMCO today announced that Chief Investment Officer Bill Gross' monthly Investment Outlook column is now available as a podcast on iTunes.com.

Gross' monthly investment forecast can be subscribed to free at www.iTunes.com by searching for "PIMCO" or "Bill Gross." The audio can also be downloaded free at www.pimco.com by clicking on the Investment Outlook link. If you do not have the iTunes software on your computer, it can be downloaded free from their site.

Gross, the first major money manager to podcast, made his October 2005 Investment Outlook, titled "Deliberate Acts of Kindness," available. This podcast focuses on the current state of the housing market.

About PIMCO

Founded in 1971 and based in Newport Beach, California, with more than $500 billion in fixed-income assets under management, PIMCO is one of the world's leading fixed-income fund-management companies with offices in London, Munich, Toronto, Sydney, Singapore, and Tokyo.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.



            

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